ANAHEIM, California, Aug 10 (Reuters) - Walt Disney ( DIS )

is expected to announce new attractions at the company's

theme parks Saturday at its D23 fan convention, revealing how

the company will begin deploying $60 billion in capital

investments.

Disney ( DIS ) said it would deepen its investments in the parks,

nearly doubling its spending over the next decade, as it

re-imagines attractions at its 12 parks around the world and

increases the capacity of its cruise line.

The parks have become a reliable profit engine for Disney ( DIS ),

helping to cushion the impact of declines in its traditional

television and losses in its video streaming business, which

last quarter turned a profit.

The experiences unit, which includes parks, cruise ships and

consumer products, contributed 60% of the company's operating

profit in the most recent quarter -- up from 30% just a decade

ago.

Disney ( DIS ) CEO Bob Iger has said the company planned to spend

$17 billion over the next decade at the Walt Disney World Resort

in Orlando.

These investments would build on such recent attractions as

Tiana's Bayou Adventure - inspired by Disney's ( DIS ) animated movie

"The Princess and The Frog" - the Guardians of the Galaxy:

Cosmic Rewind roller coaster, and the Tron Lightcycle/Run.

The company faces intensifying competition in central

Florida from rival Universal Studios, which plans to open Epic

Universe next year, adding 750 acres (303.5 hectares) to be

populated by Harry Potter, dragons from the Viking world of "How

to Train Your Dragon," classic Universal movie monsters such as

Frankenstein and Nintendo's ( NTDOF ) Donkey Kong.

In Anaheim, California, Disney ( DIS ) earlier this year won

approval for a development plan that clears the way for a $2

billion investment in the Disneyland Resort.

The company has yet to offer any details, beyond saying it

is seeking the flexibility to blend hotels, shops and

attractions within the same themed world, as it has in Fantasy

Springs at Tokyo DisneySea Park.

"We have an obligation to continue to develop these huge

businesses and amazing experiences that we have here in

California and in Florida," Disney Experiences Chairman Josh

D'Amaro told Reuters recently. "And we will invest aggressively

and heavily and intelligently."